Tag Archives: fed

(Photo by Bill Pugliano/Getty Images) Getty Images Key takeaways Consumer confidence posted an unexpected drop due to food and energy prices The latest jobs data also revealed job postings and resignation levels are at their lowest in two years The markets made some big daily gains as the news further encouraged investors to believe the worst of monetary tightening is …

The numbers: The index of U.S. consumer confidence dipped to 106.1 in August from a revised 114 in the prior month, the Conference Board said Tuesday. Economists polled by The Wall Street Journal had forecast a modest pullback to 116 from the initial reading of 117, which was the highest level in two years. The revised July reading was the …